Markets slip into the red on rising crude oil prices, bond yields

Nifty down 1.07%; sell-on-rise scenario may exist for some time, say experts

The Indian markets declined on Tuesday as the fear of high inflation and rate hikes loomed large, with both crude oil prices and bond yields rising.

The benchmark Sensex fluctuated between gains and losses for the most part of the day, but it capitulated in the final hour of trade amid a sell-off in the European markets, triggered by worries over a surge in bond yields. The Sensex closed at 60,755, after a decline of 554 points, or 0.9 per cent, while the Nifty50 index fell 195 points, or 1.07 per cent, to end the session at 18,113.

The US 10-year Treasury